Energy Trading & Market Processes

Introduction and consolidation

The students are able to: • recognize the interrelationships of factors influencing energy markets • consider factors influencing the wholesale prices of electricity and gas • transfer market processes for the provision of system services to energy portfolios • use trading cascades in energy trading • consider volatilities and optionalities in the energy market • illustrate factors influencing price formation in the electricity market using the merit order • consider the influence of CO2 on trading markets

none

• Trading cascade in the electricity and gas market • Different markets for system services • Fundamental factors influencing energy markets • Markets for renewable energy sources • Commodity futures trading • Exchange vs. OTC • OTC contracts • CO2 trading markets • Factors influencing the electricity price • Merit order principle

Schwintowsky, H., 2018. Handbuch Energiehandel. 4. Auflage. Berlin: Erich Schmidt Verlag • Zenke, I. und R. Schäfer, 2018. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag • Ströbele, W., W. Pfaffenberger, und M. Heuterkes, 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag

written exam

German

5

30

2.5

Blended Learning

1

director of studies

1

EM

integrated lecture

Compulsory

none